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Securities claims dismissed for failure to satisfactorily plead scienter

  • Katten Muchin Rosenman LLP
  • -
  • South Africa
  • -
  • February 9 2007

Plaintiffs’ federal securities law class action complaint alleged that defendant, a mining company, made false and misleading statements in press releases and quarterly statements concerning the viability of the restructuring of its North West Operations (NWO) in South Africa, which accounted for a significant part of its business